Microsoft talks to buy TikTok's US operations spark ire in China

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President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a ...

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BEIJING/HONG KONG: A potential shotgun wedding to Microsoft Corp for TikTok's U.S. operations provoked an outcry on Monday on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance.

ByteDance has not publicly confirmed the sale talks. But in an internal letter to staff on Monday seen by Reuters, the company's founder and CEO Zhang Yiming said the firm had started talks with a tech company it did not identify to clear the way"for us to continue offering the TikTok app in the U.S."

Hu said Microsoft was a credible buyer but questioned how selling large parts of TikTok's operations at such an early stage of its growth could ever be a good deal for ByteDance. "This is not a standard M&A situation...this is hard to predict," said one senior banker with a U.S bank in Hong Kong, saying that it would be a question of how to structure a deal in a way that would keep Washington happy.

The United States has been"stretching the concept of national security", presuming that companies are guilty without evidence, China's foreign ministry spokesman Wang Wenbin told a briefing after being asked about U.S. actions against Chinese software companies.

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